Cambiar Investors LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 17.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,238,451 shares of the enterprise software provider’s stock after selling 265,582 shares during the quarter. Cambiar Investors LLC’s holdings in Oracle Corporation were worth $62,096,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Hudock Capital Group LLC lifted its holdings in Oracle Corporation by 0.3% in the first quarter. Hudock Capital Group LLC now owns 3,997 shares of the enterprise software provider’s stock valued at $178,000 after acquiring an additional 10 shares during the period. Alpha Windward LLC lifted its holdings in Oracle Corporation by 0.3% in the second quarter. Alpha Windward LLC now owns 5,568 shares of the enterprise software provider’s stock valued at $279,000 after acquiring an additional 19 shares during the period. Delta Asset Management LLC TN lifted its holdings in Oracle Corporation by 0.6% in the first quarter. Delta Asset Management LLC TN now owns 7,516 shares of the enterprise software provider’s stock valued at $335,000 after acquiring an additional 42 shares during the period. Pointe Capital Management LLC lifted its holdings in Oracle Corporation by 0.4% in the first quarter. Pointe Capital Management LLC now owns 11,739 shares of the enterprise software provider’s stock valued at $524,000 after acquiring an additional 45 shares during the period. Finally, Bell Bank lifted its holdings in Oracle Corporation by 0.9% in the first quarter. Bell Bank now owns 6,079 shares of the enterprise software provider’s stock valued at $271,000 after acquiring an additional 57 shares during the period. 57.83% of the stock is owned by hedge funds and other institutional investors.
In other Oracle Corporation news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $50.35, for a total transaction of $188,812.50. Following the transaction, the director now owns 18,125 shares in the company, valued at $912,593.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Dorian Daley sold 76,703 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $49.00, for a total value of $3,758,447.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,776 shares of company stock worth $14,822,112. 29.00% of the stock is currently owned by insiders.
A number of research analysts have issued reports on ORCL shares. Rosenblatt Securities reissued a “buy” rating and issued a $58.00 price target on shares of Oracle Corporation in a report on Monday, September 11th. Vetr cut Oracle Corporation from a “sell” rating to a “strong sell” rating and set a $46.58 price objective for the company. in a research report on Tuesday, September 12th. Canaccord Genuity began coverage on Oracle Corporation in a research report on Friday, October 6th. They issued a “buy” rating and a $57.00 price objective for the company. BTIG Research restated a “buy” rating and issued a $58.00 price objective on shares of Oracle Corporation in a research report on Tuesday, September 19th. Finally, Moffett Nathanson began coverage on Oracle Corporation in a research report on Wednesday, September 6th. They issued a “buy” rating and a $65.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $53.37.
Oracle Corporation (NYSE:ORCL) last issued its quarterly earnings data on Thursday, September 14th. The enterprise software provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Oracle Corporation had a return on equity of 20.55% and a net margin of 25.34%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 11th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Tuesday, October 10th. Oracle Corporation’s dividend payout ratio is presently 33.19%.
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Oracle Corporation Profile
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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